Japanese Occupation of Burma 1942 (May) King George VI 3p bright violet, type 2 peacock of Myaungmya, block of 4, centrally cancelled by "KYONPYAW" circular date stamps, SGJ12.
Very scarce in a used block.
The Stanley Gibbons catalogue value is £300+.
The Burma Independence Army, formed by Aung San in 1941, took control of the Delta area of the Irrawaddy in May 1942. They reopened a postal service in the area and the Japanese authorised them to overprint local stamp stocks with the Burma emblem of a Peacock.
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